The economy added just , new jobs last month, well short of the , analysts had predicted and a huge drop from the 1. Until August, the economy had averaged , new jobs per month this year. Nationwide, the overall unemployment rate declined 0. Among all veterans, the jobless rate dropped from 4. The 3. The seeming anomaly in the numbers -- falling unemployment rates even as new hires drop significantly -- could be attributed to how the numbers are collected and counted.
Much of the data in the monthly Bureau of Labor Statistics reports come from the first two weeks of the month and may not have accounted for the Delta variant's full impact on the economy. In addition, 5. In August, an increase in government employment largely reflected temporary hiring for the Census. Notable job gains also occurred in retail trade, in professional and business services, in leisure and hospitality, and in education and health services.
For veterans, unemployment decreased from 7. This overall trend varies for the different veteran demographic factors, however, some more than others. Bureau of Labor Statistics reported today. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed due to the coronavirus COVID pandemic and efforts to contain it.
In July, notable job gains occurred in leisure and hospitality, government, retail trade, professional and business services, other services, and health care. For veterans, unemployment decreased from 8. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus COVID pandemic.
In June, employment in leisure and hospitality rose sharply. Notable job gains also occurred in retail trade, education and health services, other services, manufacturing, and professional and business services.
For veterans, unemployment decreased from 9. The veteran unemployment trend varies, however, by different demographic factors. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus COVID pandemic and efforts to contain it. In May, employment rose sharply in leisure and hospitality, construction, education and health services, and retail trade.
By contrast, employment in government continued to decline sharply. For veterans, unemployment decreased from This overall trend has decreased for the different veteran demographic factors, however, some more than others. This adjustment accounts for any predictable seasonal patterns in the data and allows for better month-to-month comparisons; we will utilize this data series going forward.
The full seasonally adjusted veteran unemployment rate series going back to is available here: Veteran Seasonally Adjusted Unemployment Rates. If you are interested in the non-seasonally adjusted data, that is still available here: Non-Seasonally Adjusted Data. In , the jobless rate for all veterans increased to 6. Read the full report. Breadcrumb VETS. April was the first full month of reports tracking the effects of the coronavirus pandemic, which has forced the temporary or permanent closing of thousands of businesses nationwide and left much of the country in self quarantine since mid-March.
BLS officials said that total non-farm payroll employment for the United States fell by In February, that figure was 3. Still, in coming months she and other researchers will be closely monitoring certain aspects of corporate hirings and firings to see if recovery from the downturn could be more difficult for veterans than non-military job seekers.
So if the recovery lags there, veterans could be more severely affected. BLS officials said manufacturing employment alone dropped by 1. Rosalinda Maury, director of applied research at the Institute for Veterans and Military Families at Syracuse University, said the impact on older veterans is also of concern.
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